Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Fitch Estimates Ivan May Become Second Costliest Hurricane For U.S. P/C Insurers
Sep 17 2004 // Chicago-based Fitch Ratings has issued some preliminary comments on the extent of the losses from Hurricane Ivan’s destructive rampage through Alabama, Florida and other Gulf Coast States. Fitch noted that...
PCI: Ivan Will Test Louisiana’s New High-Risk Pool, But Insurers Should Be Able to Meet Claims
Sep 16 2004 // While Louisiana’s new insurance high-risk pool reportedly hasn’t had enough time to build up a financial cushion to absorb the potential effects of Hurricane Ivan, other reforms in place should enable insurers...
President Declares Disaster Areas for Alabama, Louisiana, Mississippi
Sep 16 2004 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that President Bush ordered the release of federal disaster funds and emergency resources for...
RMS: Potential Losses for Ivan $4 to $10 Billion
Sep 15 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. could range from $4 to $10 billion if Hurricane Ivan follows the latest...
Ivan Sets His Sights on Gulf Coast; Residents from Florida to Louisiana Get Suitcases Packed
Sep 14 2004 // Having left a swath of destruction from Grenada to Cuba, Hurricane Ivan turned its sights on the Florida Panhandle west to New Orleans on Tuesday, forcing thousands to pack what they could and head for higher ground. More...
Louisiana Governor Kathleen Blanco
Sep 13 2004 // Laying a Foundation for Long Term Success Being first is not a new thing to Kathleen Babineaux Blanco, who was sworn in on January 12, 2004 as the first female Governor of Louisiana. Twenty years earlier, at the beginning...
Louisiana Agent Arrested for Alleged Fraud
Aug 30 2004 // The Louisiana State Police Fraud Unit arrested a Leesville, La., insurance agent and Department of Insurance Fraud Unit investigators issued the man a Cease and Desist Order and Summary Suspension of his license for...
Louisiana Gov. Kathleen Babineaux Blanco
Aug 26 2004 // Laying a Foundation for Long Term Success By Stephanie K. Jones Being first is not a new thing to Kathleen Babineaux Blanco, who was sworn in on Jan. 12, 2004, as the first female Governor of Louisiana. Twenty years...
Wall Promoted to President and COO of LWCC
Aug 25 2004 // The Board of Directors of the Louisiana Workers’ Compensation Corporation (LWCC) announced the promotion of Kristin Wall to the position of president and chief operating officer. Wall was previously executive vice...
BATON ROUGE AGENCY SHUT DOWN:
Aug 23 2004 // The Louisiana Department of Insurance shut the doors of Banner Insurance Agency Inc. at two Baton Rouge locations, according to Insurance Commissioner Robert Wooley. The Louisiana State Police Insurance Fraud Unit executed...
C&D ORDER ISSUED IN LOUISIANA:
Aug 23 2004 // The Louisiana Department of Insurance shut down a Jena, La. insurance producer and issued a Cease and Desist order, along with a summary suspension of her insurance license, for allegedly misappropriating premium dollars...
Homeowners in Hurricane Paths Hit with High Insurance Costs
Aug 23 2004 // Retired police officers Ed and Nancy McCue are thinking about leaving their dream home near the shores of Biscayne Bay because it’s in a prime area for hurricanes. It’s not the storm threat itself that’s...
Pecoraro Sentenced in La. for Fraud Conspiracy
Aug 19 2004 // A man who was on the lam for 11 years from Louisiana’s 1990s insurance scandals was sentenced on Aug. 18, 2004 to less than two years in prison, the Associated Press reported. Nofio Pecoraro Jr., 54, pleaded guilty...
La. Producer’s License Suspended for Allegedly Holding Onto Premiums
Aug 12 2004 // A Bastrop, La. insurance producer was issued a Cease and Desist order and a summary suspension of his insurance license for allegedly receiving premiums from customers and not forwarding them to the insurance company in a...
Joint Investigation Nabs Louisiana Workers’ Comp Fraudster
Aug 9 2004 // Louisiana’s Office of Workers’ Compensation Administration (OWCA) reported recently that an attempt to cheat the state’s workers’ compensation insurance program has resulted in a prosecution and...
State Farm Offers to Donate Building to La. Parish
Aug 2 2004 // State Farm Insurance is eliminating more than 1,000 jobs in Monroe, La., but has offered to donate its largest building to the parish’s economic development group, according to the Associated Press. State Farm...
La. Man Arrested for Insurance Card Fraud
Jul 28 2004 // Louisiana State Police arrested a New Orleans man on felony counts of forgery and insurance fraud for allegedly making and selling fake automobile insurance cards for $70 each, according to the Associated Press and the New...
Joint Investigation Nabs La. Workers’ Comp Fraudster
Jul 26 2004 // Louisiana’s Workers’ Compensation Administration reported recently that another attempt to cheat the state’s workers’ compensation insurance program has resulted in a prosecution and serves as a...
C&D Order Issued to La. Agent
Jul 22 2004 // The Louisiana Department of Insurance shut down a Jena, La. insurance producer and issued a Cease and Desist order, along with a summary suspension of her insurance license, for allegedly misappropriating premium dollars...
Medical Payments Per Claim Highest for Workers in La.
Jul 20 2004 // The average payment per claim for the medical care of injured workers in Louisiana was nearly one-third higher than typical of states examined in a study by Cambridge, Mass.-based Workers Compensation Research Institute...
